The Secaucus, N.J.-based company, parent to brands including Gymboree, Sugar & Jade and PJ Place, has been working on a turnaround since Saudi-based Mithaq Capital acquired a 54% controlling stake in February and ousted its longtime CEO.

Stock futures are pointing to a flat open on Tuesday as the market looks to extend a rally that has pushed major indexes to record levels.

U.S. stocks are kicking off December by drifting around their record heights. The S&P 500 was up 0.2% in early trading Monday after closing its best month of the year at an all-time high. The Dow Jones Industrial Average was up 55 points and the Nasdaq composite was up 0.